Keeping of records
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 October 2011
For how many years the books of accounts are to be preserved under The Companiess Act and Income Tax Act?
28 October 2011
Under the Companies Act,1956 books of account and vouchers are to be kept for 8 years.
As per Income tax Act,1961, 6 years is the time limit.
As per Income tax Act,1961, 6 years is the time limit.
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